CoStar Group (NASDAQ:CSGP) Sets New 1-Year Low – What’s Next?

CoStar Group, Inc. (NASDAQ:CSGP) shares reached a new 52-week low on Thursday . The company traded as low as $42.65 and last traded at $43.11, with a volume of 8457682 shares traded. The stock had previously closed at $44.25.

Wall Street Analyst Weigh In

CSGP has been the subject of a number of recent research reports. William Blair reissued an “outperform” rating on shares of CoStar Group in a research report on Tuesday, March 3rd. Zacks Research upgraded shares of CoStar Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. BNP Paribas Exane began coverage on shares of CoStar Group in a report on Wednesday, January 14th. They issued a “neutral” rating and a $64.00 price objective for the company. The Goldman Sachs Group decreased their target price on shares of CoStar Group from $84.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoStar Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, CoStar Group presently has an average rating of “Moderate Buy” and an average price target of $73.35.

CoStar Group Stock Down 2.6%

The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.84. The company has a market cap of $18.10 billion, a P/E ratio of 4,315.32, a PEG ratio of 1.18 and a beta of 0.89. The stock has a 50-day moving average of $53.02 and a 200 day moving average of $66.86.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, February 24th. The technology company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04. The business had revenue of $899.90 million during the quarter, compared to analysts’ expectations of $892.22 million. CoStar Group had a net margin of 0.23% and a return on equity of 2.53%. CoStar Group’s revenue was up 26.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.26 earnings per share. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. Research analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

CoStar Group announced that its Board of Directors has authorized a share buyback program on Wednesday, January 7th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the technology company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, Director Louise S. Sams purchased 1,000 shares of CoStar Group stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average price of $48.36 per share, for a total transaction of $48,360.00. Following the transaction, the director owned 20,409 shares of the company’s stock, valued at approximately $986,979.24. The trade was a 5.15% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.09% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. ING Groep NV increased its position in CoStar Group by 1,950.5% during the 3rd quarter. ING Groep NV now owns 128,052 shares of the technology company’s stock worth $10,804,000 after purchasing an additional 121,807 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in CoStar Group by 14.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,380 shares of the technology company’s stock valued at $14,459,000 after purchasing an additional 21,225 shares during the last quarter. UMB Bank n.a. boosted its position in CoStar Group by 51.6% in the third quarter. UMB Bank n.a. now owns 225,305 shares of the technology company’s stock valued at $19,009,000 after buying an additional 76,720 shares in the last quarter. American Century Companies Inc. grew its stake in shares of CoStar Group by 682.3% during the third quarter. American Century Companies Inc. now owns 551,523 shares of the technology company’s stock worth $46,532,000 after buying an additional 481,024 shares during the last quarter. Finally, Swedbank AB grew its stake in shares of CoStar Group by 21.0% during the third quarter. Swedbank AB now owns 302,360 shares of the technology company’s stock worth $25,510,000 after buying an additional 52,433 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group Company Profile

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.